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Author Topic: Can Bitcoin become a global currency ?  (Read 1409 times)
KennyR
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August 22, 2022, 06:11:54 PM
 #141

Bitcoin already have the features of being a global currency. Several good reasons can be tied of bitcoin being the currency of the future, but certain features like volatility keep bitcoin usage away. This makes bitcoin to be an asset than a currency. The increasing debt in US might give up US dollar as the global reserve. Even if such scenario happens it takes long time for bitcoin take the position of US dollar. In terms of acceptance it is possible to see more merchants considering bitcoin payments. These are small growth that can make big change further.

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August 22, 2022, 07:54:23 PM
 #142

When you look at cryptocurrency you will know that in future time inter currency will be come global currency because there is no nation that does not know about cryptocurrency that is why government is accounting cryptocurrency now because they know very well that in time coming it will dominate the world so I will not stand to say that cryptocurrency or especially Bitcoin will be a global currency because it's not often 30 years it is in existence if I am not mistaken bitcoin is 12 good years right now and it is doing well this way I believe that it will make her cuz you don't know future if there is any other digital currency that will come up
I don't understand what you mean by Inter currency. What you have to consider at first place is the possibilities of every country using one currency. The possibility does not exist. Every country or every government will always protect her own currency. There is no way countries will abandone their own currencies to embrace bitcoin and also bitcoin was not created to be the world currency. It was created as an alternative. So I am not sure of bitcoin becoming global currency but I am sure that bitcoin will always be their for us when the government wants to rape us.

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August 22, 2022, 09:51:10 PM
 #143

For being decentralization of crypto currency, any one can use it from any corner of the world. Day by day crypto currency is spreading all over the world and people are getting advantages from it. When people get advantages, they care it for its growth. In upcoming years, uses of crypto currency will be growing rapidly.
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August 22, 2022, 10:28:33 PM
 #144

For being decentralization of crypto currency, any one can use it from any corner of the world. Day by day crypto currency is spreading all over the world and people are getting advantages from it. When people get advantages, they care it for its growth. In upcoming years, uses of crypto currency will be growing rapidly.
The best part, it is developed for everyone. There is no discrimination in usage that a person who have got good wealth only can use it or something like that. This is the power decentralised infrastructure. The growth and widespread have taken place just through the word of mouth and not by big advertisements.

In recent years more advertisements have popped as a result of revenue making by business connected with cryptocurrency. Already it is a global currency, but to get used as USD it takes time as very few countries have recognised it as legal tender.
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August 22, 2022, 10:47:14 PM
 #145

For being decentralization of crypto currency, any one can use it from any corner of the world. Day by day crypto currency is spreading all over the world and people are getting advantages from it. When people get advantages, they care it for its growth. In upcoming years, uses of crypto currency will be growing rapidly.
We are heading there since adoption and recognition do really increase day by day but people should be at least realistic whenever we do talk about on the matter of becoming a global currency which do people even claim that it could replace fiat?

With these words alone then you could really tell that it wont really be that possible considering a decentralized thing could really take over on what we've been using through ages.

Its not bad on being optimistic but we should really be that realistic as well and minding off on things which is likely to happen and which is not.

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August 22, 2022, 11:33:24 PM
 #146

For being decentralization of crypto currency, any one can use it from any corner of the world. Day by day crypto currency is spreading all over the world and people are getting advantages from it. When people get advantages, they care it for its growth. In upcoming years, uses of crypto currency will be growing rapidly.
Anyone can use Bitcoin or other crypto coins since the system in crypto enables freedom for every single person to engage/involve. Although in some countries using crypto as a currency for paying any services or tools is still prohibited, it can be changed in the future along with the development of Bitcoin/crypto adoption. Because crypto has many advantages and is suitable for the current digital era, I am also optimistic that there will be more and more countries to legalize Bitcoin/crypto for both as a digital asset and as a currency to pay anything. So, surely the massive progress on Bitcoin/crypto utilization seems very potential.


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August 23, 2022, 02:00:04 PM
 #147

Actually it could happen, it even seems to have happened, and there are many obstacles regarding whether or not bitcoin can become a global currency, firstly every country has laws that must be obeyed and again the government of each country, has a different concept of building a different country, not to mention the  blind to bitcoin, of course all people must know how to use it, and not carelessly, because the government doesn't want to take big risks, that's why bitcoin can't be a world currency..

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August 23, 2022, 06:32:10 PM
 #148

Everyone knows that bitcoin is a digital currency, to become a global currency I think it is impossible for now because considering many countries have banned bitcoin, but for the future it is possible that bitcoin will become a digital currency because we can see bitcoin increasingly trusted for assets in the future.
In this case we have the same view, because bitcoin which is digital money can actually have the opportunity to become global money, now we can't deny that the world is getting more modern and in the modern era convenience in something is an absolute necessity in life, I'm sure if in the future there is a large country that is quite influential such as China, Russia or the USA that approves the adoption of bitcoin, then other countries will automatically do the same so that in the end bitcoin will become an alternative world currency that unites us all.

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